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Excellon Resources Inc T.EXN

Alternate Symbol(s):  EXNRF

Excellon Resources Inc. is engaged in the acquisition of advanced development or producing assets. The Company is advancing a portfolio of gold, silver and base metals assets including Kilgore, an advanced gold exploration project in Idaho, and Silver City, a high-grade epithermal silver district in Saxony, Germany. The Kilgore project is an epithermal gold deposit which covers over 6,788 hectares, located in Clark County, Southeastern Idaho. The Silver City Project, a high-grade epithermal silver district in Saxony, Germany totaling over 340 square kilometers (km2). The Company also has an agreement to acquire the past-producing Mallay Silver Mine and Tres Cerros Exploration Project in Peru.


TSX:EXN - Post by User

Bullboard Posts
Comment by gildageon Oct 11, 2017 4:26pm
175 Views
Post# 26801218

RE:If you're looking for silver price leverage...

RE:If you're looking for silver price leverage...
"doesn't have leverage to silver price."  ?????????????  Don't know how U are making that calculation...but if U want MORE leverage between now and July 2018...just buy T.EXN.W which currently gives 3.5x leverage to EXN....currently selling for about $.60 per sh while the stock trades at $2.20...the warrant is "IN the Money" and only carries a 15 cent premium for this leverage until July 2018!

So, for example...silver goes up $4 (25%)....EXN goes up 3x say 75% to $3.85...T.EXN.W is then worth $2.10 (with $.00 premium) - That's an increase of 350% if U bought it at $.60....if my arithmetic is correct....which, well, who knows with my aging brain!
Bullboard Posts